Ather Energy draws Buy call as lock-in expiry and supply risks stay in focus
Financial Express coverage highlights HDFC Securities initiating Buy coverage with an indicated 31% upside for Ather Energy, while lock-in share releases and China’s rare-earth export curbs remain key investor and production-watch factors.
Financial Express’ Ather Energy news page highlights HDFC Securities initiating Buy coverage with 31% upside, lock-in share releases, IPO-market sentiment after Ather’s tepid listing, and risks to Indian EV production from China’s rare-earth export curbs.
Why this matters
The call extends recent Ather Energy signals on HDFC Securities initiating Buy coverage and a June resurfacing of the same 31% upside view, following a late-April update on retail IPO subscription.
retail-company is accelerating, up +403767% QoQ.